As France Yanks Last US-Based Gold Reserves, UBS Expects Demand From China To Persist

As France Yanks Last US-Based Gold Reserves, UBS Expects Demand From China To Persist When France repatriates its gold, it has historically been worth paying attention to (think De Gaulle's demands culminating in the 'Nixon Shock'). However, then (as now), there was no cliff-like event, it was a slow-building crisis and perhaps the news that Gold has officially emptied its US-stored gold reserves (held in New York) is another straw on the back of the fiat standard to keep an eye...

By Tyler Durden